CADJPY currency pair recently reversed up from the support zone lying between the key support level 89.600 (which has been repeatedly reversing the price from the middle of January), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from November. The upward reversal from this support zone started the active impulse wave (iii).

Given the clear strength of the aforementioned support zone , CADJPY currency pair can be expected to rise further toward the next resistance level 92.000 (which has been reversing the price from January).